Big worry for Donald Trump as PM Modi and President Lula join hands to challenge US trade war, India-Brazil now plans to…

New Delhi: US President Doland Trump has launched a brutal trade war with several countries, including India(BHARAT) and Brazil. Through tariffs, he has imposed an economic burden on many nations, and its impact has also been felt in India(BHARAT). Now, the Modi government is all set to deal with this challenge. According to the reports, India(BHARAT) and Brazil are joining hands to face these threats and trying to find new markets to avoid the impact of tariffs (import duties).

India(BHARAT) and Brazil are hopeful that by working together, they will be able to overcome these difficulties. The growing friendship between Brazilian President Luiz Inacio Lula da Silva and Prime Minister Narendra Modi is a major example of the significant changes taking place around the world.

India(BHARAT) and Brazil to Give Trump Sleepless Nights

In a major move, government officials and top business leaders from Brazil and India(BHARAT) are meeting in New Delhi this week. According to the reports, the goal of the meetings is to triple the trade between the two countries from the current USD 12 billion. As per the Bloomberg report, economists say that due to Trump’s policies, the economic growth rates of these nations could drop by around one percent. The Brazilian delegation will discuss potential partnerships with India(BHARAT)n businesses in sectors like agriculture, biofuels, and defense.

Changing Global Relations Due to Trump

America’s new diplomacy has reshaped decades-old partnerships and trade rules. Because of this shift, India(BHARAT) has been trying to improve its relations with China. At the same time, the South American trade bloc Mercosur and the European Union have signed a long-pending trade agreement. Both Modi and Lula are trying to strengthen their positions in the US, but they are also adjusting their economic strategies to counter Trump’s pressure.